Bitcoin [BTC] Technical Analysis: Coin bleeds as vultures lurk around

The cryptocurrency market battled the bear for a long time before observing growth on January 13. The market has witnessed new normalcy as the coin is rising and falling almost in a rhythmic pattern. Bitcoin [BTC] has been observing a bearish market ever since Ethereum [ETH] started to soar. The biggest coin in the major coin list, BTC has still not attained stability.

At the time of press, BTC was valued at $3,654.90 with a market cap of $6.3 billion. The 24-hour trade volume of the coin was registered to be $5.5 billion, with a dip of 1.31% over the past day. The coin was reported a growth of 0.09%, which is minuscule as compared to the dip is faced in the past seven days by 9.84%.